PFIG vs. RSP
PFIG (Invesco Fundamental Investment Grade Corporate Bond ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - PFIG is a Corporate Bonds fund tracking the RAFI Bonds US Investment Grade 1-10 Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, PFIG returned 2.42%/yr vs 12.23%/yr for RSP. At a 0.04 correlation, their price movements are largely independent. PFIG charges 0.22%/yr vs 0.20%/yr for RSP.
Performance
PFIG vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, PFIG achieves a 0.31% return, which is significantly lower than RSP's 9.94% return. Over the past 10 years, PFIG has underperformed RSP with an annualized return of 2.42%, while RSP has yielded a comparatively higher 12.23% annualized return.
PFIG
- 1D
- 0.09%
- 1M
- 0.33%
- YTD
- 0.31%
- 6M
- 0.46%
- 1Y
- 4.07%
- 3Y*
- 5.33%
- 5Y*
- 1.34%
- 10Y*
- 2.42%
RSP
- 1D
- -0.34%
- 1M
- 1.51%
- YTD
- 9.94%
- 6M
- 9.07%
- 1Y
- 18.97%
- 3Y*
- 14.87%
- 5Y*
- 8.63%
- 10Y*
- 12.23%
PFIG vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 0.31% | 7.87% | 3.13% | 6.93% | -9.96% | -1.43% | 7.72% | 9.69% | -0.82% | 4.00% |
RSP Invesco S&P 500 Equal Weight ETF | 9.94% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Correlation
The correlation between PFIG and RSP is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2011 | 0.04 |
Over the past year, PFIG and RSP have become more correlated (0.41) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
PFIG vs. RSP — Risk / Return Rank
PFIG
RSP
PFIG vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) and Invesco S&P 500 Equal Weight ETF (RSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFIG | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.43 | -0.32 |
| Martin ratioReturn relative to average drawdown | 6.56 | 9.17 | -2.60 |
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Drawdowns
PFIG vs. RSP - Drawdown Comparison
The maximum PFIG drawdown since its inception was -15.58%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for PFIG and RSP.
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Drawdown Indicators
| PFIG | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -59.92% | +44.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -7.85% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -3.52% | -17.81% | +14.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | -21.38% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -39.04% | +23.46% |
Current DrawdownCurrent decline from peak | -0.85% | -1.49% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -6.64% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.07% | -1.45% |
Volatility
PFIG vs. RSP - Volatility Comparison
The current volatility for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is 0.90%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 3.63%. This indicates that PFIG experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIG | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 3.63% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 8.68% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 11.82% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 16.20% | -11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 18.33% | -13.12% |
PFIG vs. RSP - Expense Ratio Comparison
PFIG has a 0.22% expense ratio, which is higher than RSP's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PFIG vs. RSP - Dividend Comparison
PFIG's dividend yield for the trailing twelve months is around 4.42%, more than RSP's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 4.42% | 4.15% | 4.12% | 3.54% | 2.58% | 3.34% | 2.81% | 2.92% | 2.88% | 2.54% | 2.58% | 2.57% |
RSP Invesco S&P 500 Equal Weight ETF | 1.53% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Frequently Asked Questions
PFIG and RSP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSP has higher volatility (3.63%) compared to PFIG (0.90%). In terms of maximum drawdown, PFIG dropped -15.58% vs RSP's -59.92%.
On 10-year performance, RSP leads with 12.23% vs 2.42% for PFIG. On fees, RSP is cheaper at 0.20% per year. On volatility, PFIG has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSP has performed better with a 12.23% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSP is cheaper with a 0.20% expense ratio, compared with 0.22% for PFIG.
PFIG has the higher dividend yield at 4.42%, compared with 1.53% for RSP.
PFIG is categorized as Corporate Bonds, while RSP is S&P 500. PFIG tracks RAFI Bonds US Investment Grade 1-10 Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.22% for PFIG and 0.20% for RSP.
RSP currently has the higher Sharpe Ratio (1.62 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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